Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q2 2019 Earnings Presentation
75 slides from Companhia Paranaense De Energia's earnings presentation, Aug 15, 2019
Slide 1: 2Q19 Results
2Q19 Results Copel records adjusted EBITDA of R$1.0 billion in the second quarter
Slide 2: Share quotes and market value
CPLE3 | R$46.87 CPLE6 | R$48.60 ELP | US$12.70 XCOP | € 11.20 Market value | R$13.0 bi * Quotes 06.30.2019
Slide 3: EBITDA carried vs regulatory gap
40% 5% 2038 3018 ais 1919 2019 “=-EBITDA Carried —=-Regulatory Gap
Slide 4: Portion B tariff adjustment
The Portion B, which includes operating costs, annual fees, remuneration and depreciation, represented 1.12% of the composition of the tariff adjustment, and reflects, mainly, the IPCA (National Index of Price to the Ample Consumer) readjustment of the reference period (4.66%) plus the positive effe
Slide 5: Net operating revenue table
EEE Fo TC TC (a) (2) 8) (1/3) 44) (5) (4/s) Teaichy ste to thaleaiomes 7520761] 4632005 | 1300281 77] 360786] 2.619.100 7207 Elect sales to dsibtors e58873/ 60,59 seisz 132) 13t9032| 1199489 100 Use ofthe main dtibution and wansmission grid 206786 | 1048327 | 883,108 27) 1985n3| 1648.13 186 Constuti
Slide 6: PMSO costs increase
This reduction was partially offset by the 12.7% increase in PMSO costs (excluding estimated losses, provisions and reversals) mainly due to the non-recurring effect reimbursement from suppliers for the Brisa Potiguar wind farm complex in 2Q18, in the amount of R$72.1 million and impacting the “othe
Slide 7: Manageable costs table
2019 1019 2018 Var. % ans 1HiB Var. % Manageable Costs a @ 3) aa) @ (c) (a/s) Personnel and management 792,699 (284,585, 297,898 (17) 57,284 (688,208 (16.1) Private pension and healthcare plans 58,731 59,509 59,457 (22) 118,240 120,460 (18) Material 20,597 17,660 774 59 38,257 36,785 40 ‘Third-party
Slide 8: Operating costs and provisions
(iii) a 91.9% reduction in costs with “materials and suppliers for power electricity” due to the maintenance stoppage at UTE Figueira; and (iv) 0.9% increase in the “provisions and reversals” lines, due to: (i) R$14.0 million in impairment (compared to a reversal of R$18.0 million in 2Q18), notably
Slide 9: Operating costs and expenses table
"000 Geum a e oaes 2019 1019 2018 Var.36 1Hi9 aHi8 Var.% ) @) 8) (1/3) O) 5) (4/5) Electricity purchased for resale 1,242,934 | 1,409,726 | 1,477,445, (as9)| 2,652,660 | 2,667,881 (0.6) ‘Charge of the main distribution and transmission grid 329,002) 295,241 309,807 62) 624,243, 624,279 (0.0) Personn
Slide 10: Equity in earnings of investees
aus 2019 1019 2018 Var.% prt) pir) Var.% w @ ce) (1/3) O) 6) (4/5) Joint Ventures (15,833) 9,810 30,023 - (6,023), 53,291 z Voltalia Sé0 Miguel do Gostoso | Participagdes S.A. (2.865) (3.530) (2,290) (23) (5,395) (5,484) (16) Parand Gés Exploracio e Produgio S.A, : : : : : @ : Costa Oeste Transmisso
Slide 11: First half 2019 EBITDA
For the first half of 2019, EBITDA increased by 25.9% compared to 1H18 and, excluding non-recurring items, adjusted EBITDA increased by 27.0% and, excluding effects from equity in the earnings of investees, adjusted EBITDA would be 29.4% higher than the amount recorded in 1H18.
Slide 12: Consolidated Net Income
2.6 Consolidated Net Income In 2Q19, Copel recorded a net income of R$346.9 million, 2.4% lower than the R$355.3 million in 2Q18, due to, in addition to the items already explained, the 13.9% increase in income tax and social contribution, lower deferred assets constituted for provisions and an incr
Slide 13: Main Account and Changes Balance Sheet
<0} <0} 3. Main Account and Changes Balance Sheet The main accounts and changes in the Balance Sheet in relation to December 2018 are described below. Additional information can be found in the Notes to our Quarterly Financial Information. 3.1 Main Accounts Cash, Cash Equivalents and Bonds and Secur
Slide 14: Current assets table
R$'000 ‘Mai Jun-19) Dec-18 Jun-18 Var.% Var.% (1) (2) (3) (2/2) (1/3) CURRENT 6,612,373 6,677,846 6,072,795 (1.0) 89 Cash and cash equivalents 1,906,712 1,948,409 1,704,148 (2.1) 119 Bonds and securities 1,390 124,862 1,381 (98.9) 07 Collaterals and escrow accounts 43,723 203 42,200 - 36 Customers 2
Slide 15: Loans, financing and debentures maturities
Loans, financing and debentures maturities are presented below:
Slide 16: Debt of investees
Sianiaaks areas Jun-19Dec-18 = Mar-18 = Var.% ~=—Var.% (1) (2) (3) (1/2) (1/3) Caiud Transmissora de Energia S.A. 12,155 35,843 33,375 (66.1) (63.6) Integraco Maranhense Transmissora de Energia S.A. = 58,797 54,276 : - Matrinchd Transmissora de Energia (TP NORTE) S.A. = 381,776 366,622 - - Guaraciab
Slide 17: Net Debt by Subsidiary
Net Debt by Subsidiary The following table shows the gross debt and net debt of the subsidiaries:
Slide 18: Lawsuits classified as possible losses
The lawsuits classified as possible losses (those that are not provisioned in the balance sheet), as estimated by the Company and its controlled companies at the end of June 2019, totaled R$3,155.9 million, amount 3.4% higher than registered in December 2018 (R$3,052.7 million), distributed in lawsu
Slide 19: Current liabilities table
me Jun-19 Dec-18 Jun-18 Var.%6 Var.% ey) (2) (3) (1/2) (1/3) CURRENT 5,720,457 6,695,114 7,724,505 (14.6) (25.9) Payroll, social charges and accruals 343,577 284,179 429,235 209 (20.0) Suppliers 1,452,607 1,419,243, 1,672,888 24 (13.2) Income tax and social contribution payable 152,232 197,949 182,4
Slide 20: Copel GeT EBITDA
Excluding the extraordinary effects below, the EBITDA for Copel GeT increased by 45.2% compared to 2Q18. Excluding the effects of equity income, adjusted EBITDA in 2Q19 would have been R$575.5 million, 45.1% higher than the R$396.5 million in 2Q18.
Slide 21: Copel GeT net profit
In 2Q19, Copel GeT recorded a net profit of R$169.4 million, 26.1% lower than R$229.4 million in 2Q18.
Slide 22: Copel GeT first half EBITDA
In the first half of the year, Copel GeT posted EBITDA of R$1,208.1, an increase of 12.9% compared to the R$1,070.5 reported in 1H18, mainly as a result of (i) the start of revenues from CCEAR contracts Iguaçu, Colíder and Cutia and (ii) the 16.7% decrease in the “personnel and management” line, as
Slide 23: Copel Distribuição variations
In addition, the following variations stand out : (i) increase of 16.3% in the “electricity sales to final customers”, mainly due to the average readjustment of 15.61% in customer energy tariff, effective as of June 24, 2018; (ii) a negative amount of R$18.7 million in the line of "sectorial assets
Slide 24: Copel Distribuição net income
Net income in 2Q19 was R$156.3 million, up by 88.7% from the R$82.8 million recorded in 2Q18, resulting not only from the items already described above, but also due to the improved financial result in 2Q19 (R$36.0 million against a negative amount of R$30.6 million in 2Q18), mainly due to the 44.9%
Slide 25: Copel Telecomunicações
4.3 Copel Telecomunicações Copel Telecom recorded an EBITDA of R$33.2 million in 2Q19, down by 24.6% against the R$44.0 million recorded in 2Q18, mainly due to the decrease in net operating revenues and the increase in the “other operating costs and expenses” line, mainly due to the deactivations of
Slide 26: Copel Telecom net income
Net income in 2Q19 was R$0.8 million, down by 95% compared to the R$15.8 million recorded in 2Q18, resulting from the causes already mentioned and lower financial results due to the increase in interest on financings. The following table illustrate the main indicators for Copel Telecom.
Slide 27: Copel Telecom EBITDA
There were no extraordinary events in the EBITDA recorded in 2Q19 , which was 24.9% lower than the adjusted EBITDA in 2Q18.
Slide 28: Copel Telecom adjusted EBITDA
eee 2019 2018 Var.36 HI His Var.3% ey (3) (3) (3) 4) (3/4) EBITDA 382 440 (246) 1 70.7 (23) + Compensation - Voluntary termination program/retirement : a2 : E 60 5 + Provision for litigation : : 5 7 40 - ‘Adjusted EBITDA 332 442 (249) 1 90.7 (144)
Slide 29: Investment Program
5. Investment Program The following chart shows the investment program carried in 2Q19 and schedule 2019:
Slide 30: Investments by company (R$ million)
R$ million paaaey Take Carried Carried ‘Scheduled™ 1H19 2a19 2019 Copel Geragao e Transmissao 427.8 303.6 888.2 HPP Colider 133.5 106.7 59.3 HPP Baixo Iguacu? 56 - 18.1 TL Curitiba Leste-Blumenau 71.2 34.0 196.1 Substation Bateias o1 - 113 Mata da Santa Genebra Transmissio” 40.1 - 133.0 SHP Bela Vis
Slide 31: Grid Market (TUSD)
For more details visit the Notice to the Market - IR 18/19 (link). 6.2 Grid Market (TUSD) Copel Distribuição’s grid market, comprising the captive market, concessionaires and licensees in the state of Paraná, and all free consumers in the Company’s concession area, increased by 1.4% in terms of ener
Slide 32: Free market growth
The result is mainly due to 9.6% increase in free market in 2Q19, resulting from the improved industrial production in the state of Paraná - growth by 2.0% and 27.8% in April and May, respectively. The most intense growth of industrial activity in May 2019 was influenced by the low base of compariso
Slide 33: Total Energy Sold
6.4 Total Energy Sold 1 Total energy sold by Copel in all markets, comprising sales by Copel Distribuição, Copel Geração e Transmissão, Wind Farm Complexes and Copel Comercialização totaled 11,995 GWh in the second quarter of 2019, an increase of 10.1%. The following table illustrates the total ener
Slide 34: Energy Flow
6.5 Energy Flow Energy Flow – Copel Dis
Slide 35: Energy Flow - Copel Dis
Energy Flow - Copel Dis 2a19 1ais Var. % an19 amis Var. 9% ‘taipu 1384 1,427 (3.0) 2,759 2,840 (29) CCEAR— Group Companies 38 20 90.0 7 43 oa CCEAR— Other 3,025 2,590 168| 6,086 5,264 15.6 cee (McP) E 2 E : as : ‘Angra 245 252 (28) 438 501 (2.6) cor 4527 1592 (43) 3,a17 3,266 (46) Proinfa 11s 1s 3.4
Slide 36: Energy Flow - Copel GeT
Energy Flow - Copel GeT 2019 2018 Var. % 1H19 1H18 Var. % ‘Own Generation (net of losses) 4,635 3,713 248 9,227 9,344 (1.3) Dona Francisca 35 35 - 70 70 - MRE Receipt B 0 - 93 C) : Total Available Power 4,743 3,748 26.5 9,390 9,414 (0.3) Bilateral Agreements 878 1,386 (36.7) 1,643 2,649 (38.0) Bilat
Slide 37: Energy Flow - wind farms
Energy Flow - $0 Bento Energia 2019 2018 Var. % 1H19 118 Var. % (Own Generation a1 75 (45.3) 59 143 (68.7) Total Available Power 41 75 (45.3) 59 143 (58.7) CCEAR— Other 95 95 : 189 189 - Losses and differences (54) (20) 1700 (230) (46) 182.6 Gwh Energy Flow - Brisa Potiguar 2019 2018 Var. % 1H19 1H1
Slide 38: Consolidated Energy Flow (Jan to Jun 19)
Consolidated Energy Flow (Jan to Jun 19)
Slide 39: Consolidated energy flow GWh
GWh ‘Own Generation 9,851 40.0% Captive Market 10,081__41.0% Concessionaires” 129 0.5% Electricity sales to distributor CCEE* 84 0.3% Assignment MCSD EN‘ 447 1.8% Total Available Power CCEE (MVE)* 82 0.3% 24,601 Free Customers Purchased energy 3,284 _ 13.3% 14,750 60.0% CCEAR: 6,086 ‘Supplied Energy
Slide 40: Power Purchase Average Tariff – Copel Distribuição
Power Purchase Average Tariff – Copel Distribuição
Slide 41: Power purchase average tariff table
Amount —Jun/19 Mar-19 Jun-18 Var. % Var. % Tariff* Average MW (1) (2) (3) (1/2) (1/3) Itaipu? 591.1 259.4 248.20 265.80 45 (2.4) Auction - CCEAR 2010 - H30 67.8 227.7 225.12 219.72 41 3.6 ‘Auction - CCEAR 2010-715? 60.1 165.6 110.77 261.87 49.5 (36.8) Auction - CCEAR 2011 - H30 55.9 234.7 232.16 226
Slide 42: Capital Market: Capital Stock
7. Capital Market 7.1 Capital Stock Copel’s capital amounts to R$10,800.0 million, represented by shares with no par value. The Company's current number of shareholders is 26,767. In June 2019 the Company’s capital was as follows:
Slide 43: Shareholders by share class
Thousand shares Shareholders Common % Preferred "A" % Preferred"B" —% TOTAL % State of Parana 85,029 58.6 : . . : 85,029, 31.0 BNDESPAR 38,299 26.4 : - 27,282 213 65,581 24.0 Eletrobras 1,531 1a - : : : 1,531 0.6 Free Floating 19,836 13.7 7 23.4 100,965 78.7 120,878 44.2 83 19,723 136 7 23.4 70,408
Slide 44: Share trading and performance
From January to June 2019, Copel’s common shares (ON - CPLE3) and class B preferred shares (PNB - CPLE6) were traded in 100% of the trading sessions of the B3 S.A. - Brasil, Bolsa, Balcão (B3). The free float accounted for 68.93% of the Company’s capital. At the end of June 2019, the market value of
Slide 45: Dividends and Interest on Own Capital
7.3 Dividends and Interest on Own Capital The table below presents the payments of dividends and interest on own capital as of 2011:
Slide 46: Dividend payments since 2011
‘Thousands of R$ RS per Share ‘Type of Earning Fiscal Year Approved on Paid on jiu ag ey Oe Total 2011 421,091 1.46833 2.52507 1.61546 toc’ 2011 08/11/11 09/15/11 225,814 0.78803 0.86706 0.86706 loc 2011 04/26/12 05/29/12 195,277 0.68030 1.65801 0.74840 2012 268,554 0.93527 2.52507 1.02889 2012 12/1
Slide 47: TPP Figueira concession extension
On March 24, 2017 Copel GeT filed an agreement with Aneel with its intention to extend the granting of the TPP Figueira, noting, however, that it will sign the necessary contracts and/or additives only after knowing and accepting the contractual terms and the rules that will govern any process relat
Slide 48: Cutia wind farms and generation interests
Copel's largest wind farm, known as Cutia Empreendimentos Eólicos, started operations in 2018. On date of publication of this report, 97,3% of 149 wind turbines are in commercial operation. The complex is formed of 13 projects and is divided into two large complexes with a total installed capacity e
Slide 49: Interest in Wind Farms
Interest in Wind Farms Copel has 49% interest in the Voltalia São Miguel do Gostoso I Participações S.A. wind farm complex, in the State of Rio Grande do Norte. Whose energy was sold in the Fourth Reserve Energy Auction by under twenty-year contracts, with supply beginning in July, 2015, according t
Slide 50: Under Construction
Under Construction Copel Geração e Transmissão Copel GeT is completing the construction of the last generating unit (of a total of three units) of the Colíder Hydroelectric Power Plant, as detailed in the sequence. In addition of Colíder HPP, in August 2018 Copel conquered the right to build Bela Vi
Slide 51: Colíder Hydroelectric Power Plant
Colíder Hydroelectric Power Plant On July 30, 2010, under Aneel New Energy Auction no. 003/2010, Copel GeT was awarded the concession to explore the Colíder HPP for a term of 35 years, from January 17, 2011, the signing date of MME - Colíder HPP Concession Agreement no. 001/11. The project will be m
Slide 52: Transmission: Assets in Operation
8.2 Transmission Assets in Operation The chart below shows the transmission concession agreements and the design of the substations park and the transmission lines in operation:
Slide 53: SPC Uirapuru Transmissora de Energia
SPC Uirapuru Transmissora de Energia S.A. In March 2019, Copel GeT signed an Agreement to Purchase and Sale Shares - CCVA with Centrais Elétricas Brasileiras SA - Eletrobrás and the Eletrosul Foundation for Social Security and Assistance - ELOS to transfer 100% of the shares of Uirapuru Transmissora
Slide 54: Lot E
Lot E The commercial operation of part of the projects that compose Lot E of Transmission Auction No. 005/2015 was fully anticipated, fully sold by Copel GeT and comprised of 230 km of transmission lines and 3 substations totaling 900 MVA of power and total ARP expected amount of R$116.9 million. On
Slide 55: Operating Data
Operating Data In the distribution business, Copel serves more than 4.6 million energy customers in 1,113 locations, belonging to 394 municipalities in State of Paraná and one in the State of Santa Catarina. Copel Distribuição operates and maintains the installations in the 13.8 kV, 34.5 kV, 69 kV a
Slide 56: Compact-Design Distribution Lines
Compact-Design Distribution Lines Copel Distribuição has continued to implement compact-design distribution lines in urban areas with a high concentration of trees surrounding the distribution grids. This technology reduces the number of trees cut down or trimmed, and improves the quality of power s
Slide 57: DEC and FEC indicators
DEC" FEC? Jan-Jun 0s) eiass) Total time service (hours) 2015 6.21 3.97 2:10 2016 5.61 3.75 2:15 2017 5.38 3.59 2:46 2018 4.82 2.98 3:21 2019 5.01 3.15 3:33 T DEC measured In hours and hundredths of an hour ® FEC expressed in number of interruptions and hundredths of a number of interruptions vear to
Slide 58: Equity Interests
8.5 Equity Interests Other Sectors Copel holds interests in companies in the gas, telecommunications, sanitation and service sectors, as shown below:
Slide 59: New Projects: Project Portfolio
<0 <0} 8.6 New Projects Project Portfolio Copel holds interests in different power generation projects. When these projects go into commercial operation, they will add 384.4 MW of installed capacity to the Company's portfolio (proportional to the participation in enterprises).
Slide 60: Chopim river studies
Copel, in partnership with others companies is also developing studies in the lower reaches of the Chopim river that will lead to the feasibility of another hydroelectric projects.
Slide 61: Other Information: Human Resources
9 . Other Information 9.1 Human Resources Copel’s workforce closed 2Q19 at 7,538 employees distributed. The table below shows employee number trends in the Company and its subsidiaries in the last four years:
Slide 62: Headcount by segment
Headcount 2016 2017 2018 2019 Geragiio e Transmissao 1,680 1,734 1,660 1,675 Distribuicdo 6,022 5,746 5,364 5,304 Telecomunicagées 660 649 478 448 Holding 69 78 75 71 Comercializagao 30 38 34 40 Renovaveis 70 - : : TOTAL 8,531 8,245 7,611 7,538
Slide 63: Generation, transmission and distribution data
Generation Copel GeT In oper n Hydroeletric * Quota System Thermal Wind power Under construction Hydroeletric Wind Farms In operation Under construction Partnership In operation Hydroeletric Thermal Wind farms Copel Telecom Optical cables backbone/backhaul (km) Cities served in Parana State Adi istr
Slide 64: Consolidated Cash Flow 1H19
RS'000 Consolidated Cash Flow 1H19 ang Cash flows from operational activities \Net income forthe period 852,908 711195 ‘Adjustments to reconcile net income forthe period with cash generated from operating activities 1,582,615 644,027 Depreciation and Amortization 483,387 367,164 Unrealized monetary
Slide 65: Copel GeT income statement
ceceaeeceees 2019 1019 2018 Var%6 THI THis Var% mH (2) (3) (4/3) (4) (5) (4/5) OPERATING REVENUES 941,760 1,001,559, 855,964 10.0 1,943,319 1,763,896 10.2 Electricity sales to final customers 172379 166,056) 156,598 10.1 338,445 306,665 10.4 Electricity sales to distributors 574,565 605,400, 453,122
Slide 66: Copel Distribuição income statement
ese 2008 Fre} 2008 Var% Fir) pr) Var%6 eo 2) (3) A) O) (3) (4/5) ‘OPERATING REVENUES 2,334,856 | 2,556,600 2,476,915 (57) 4,891,456 4,684,615 44 Electricity sales to final customers 1,228,670} 1,349,302 | 1,056,425 163 2577972, 2,136,775 206 Electricity sales to distributors 49,733 49,607 79,125 (37
Slide 67: Copel Telecom income statement
R$ '000 ———— 708 Frey Farry Var rrr) This Var ey 2 fey ws) @ 9) 3) NET OPERATING REVENUES 101,510 115,352 107,508 (5.6) 216,862 212,018 23 Revenues from telecommunications 100.185) 113757) 97,763 25) 213.9«2| 192,438 2 Other operating revenues 33% 1.596 9.765 (664) 2920| 19,580 (52) OPERATING COSTS
Slide 68: Assets by company, Jun/19
Assets e8 eermBS, cite Telecom —compagas lor UEGAzucita Comeritngto wingFams SOO%SFE atte lminatins Conadated CURRENT 1,399,381 3,854,255, 282,507, 210,699 65,214 23,552 201,940 491,606 20,083 $49,277 (486,151), 6,612,373 Cash and cash equivalents ‘584,326 565,240, 146,145 105,193, 38,690 10,615 7,A
Slide 69: Assets by company, Dec/18
sets -Doei8 1Gt80° uuu Telecom Compagas —<elor_—«UEG Artin Comerdsizarto Windus S08OM°5P aang ciinations Consolidated CURRENT 1,487,257, 3,971,915 88,239, 204,725 80,990 33,573 181,077 459,662 2,918 1,170,320 (1,022,830) 6,677,846 Cash and cash equivalents 473,498 634,393 19,208 90,155, 42,886 21,51
Slide 70: Liabilities by company, Jun/19
Rs'000 Costa Oeste SPC Uabilites -Jun/19 ees —Distribuiggo Telecom compagas Elejor UEG Araucéria Comercializago Wind Farms _SONPOESE SPE ding Eliminations Consolidated ‘CURRENT 2,690,356 2,213,488 190,980 Frey 35513 36517 353,191 245,371 9,859 590,810 (529,095)| 5,720,487 Social charges and accruals
Slide 71: Liabilities by company, Dec/18
Costa Oeste SPC Liabilities - Dec/8 eerie Distribuiggo Telecom compagas Elejor UEG Araucéria Comercializagio Wind Farms COSBOSSIE SPE Hoiding Eliminations Consolidated ‘CURRENT 2,640,071 2,459,317 113,667 133,769 124,880 42,185 Fong 386,450 35,481 3.435.968 | ——(2,003,933)|——_—6,695,a16 Social charg
Slide 72: Income statement by company 2Q19
$1000 Geraco e Transmissi0 eh Income Statement 2019 Distribuigo Telecom = Compagas, Elejor —UEG Araucéria Comercializagio Other Holding aur, Consolidated Generation Transmission NET OPERATING INCOME 657,686 184,631, 2,334,856, 101,509 196,926 54,063, - 96,792 8,237 - (349,120) 3,665,715 172,379 - 1,
Slide 73: Income statement by company 2Q18
Geragio e Transmiss3o imine Income Statement 2038 Scemca Trommmaay Pitituio Telecom Compagas Elejor —_UEGAraucérla Comercializago Other! Holding otineie, Consolidated NET OPERATING INCOME 618,763 204,623) 2,476,915 107,508 125,283 72558 1165) 786,657 3,435 - (625,713), 3,605,830 Electricity ales to
Slide 74: Income statement by company 1H19
Gerago e Transmiss3o Costa Oeste: Bein. e Income Statement 1419 Distribuigdo Telecom =——_-Compagas. Elejor —_UEG Araucéria Comercializagio Wind Farms SPC and Holding Consolidated Generation Transmission_ Marumbi SPC — INET OPERATING INCOME 1,362,350 397,991, 4,891,456 216,862 371,007 325,347 = 736,9
Slide 75: Signature and forward-looking statements
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date August 14, 2019 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel P